
Cheap Apartments for Rent in North Liberty, IA from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in North Liberty.


Penn Street Place

Penn Oaks

North Liberty Park Apartments

280 S Chestnut St

North Liberty Living Center

115 Sugar Creek Ln

210 S Chestnut St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

230 S Chestnut St

200 Sadler Lane #203

20 Zeller Crossing

150 Elm Ridge Dr

Melrose Terrace

920 W Cherry St

Aster Village

The Baltic
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Boardwalk

The New York

Knollridge Garden Apartments

2870 Coral Ct

Western Hills

2262 Holiday Rd

Willow Ridge

2869 Coral Ct
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
North Liberty, IA Local Guide

How much does it cost to rent an apartment in North Liberty?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Liberty Studio Apartments | $1,226 | $1,185 | $1,275 |
| North Liberty 1 Bedroom Apartments | $1,589 | $1,200 | $2,914 |
| North Liberty 2 Bedroom Apartments | $1,837 | $1,100 | $3,659 |
| North Liberty 3 Bedroom Apartments | $2,587 | $1,985 | $3,554 |
Browse Top Apartments in North Liberty
See all Apartments in North LibertyExplore North Liberty
North Liberty, IA Local Guide
- North Liberty Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in North Liberty, IA
Pricing Updated: 06/08/2026Current apartment rentals in the North Liberty, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for North Liberty Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Creekside Commons | $2,042 | $695 | 11 |
Cheapest Available North Liberty Apartments for Rent
 The cheapest available apartment rental in North Liberty, IA is a 2 Beds unit found at Penn Street Place in the Old Mill Creek neighborhood priced from $1,500. 1735 N Jones Blvd in the Old Mill Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,595. Here is today’s list of the most affordable North Liberty apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Penn Street Place | 2 Bedroom | 2BR,2BA | $1,500 |
| 1735 N Jones Blvd | Layout 2A | 2BR,2BA | $1,595 |
| Aster Village | 2 Bedroom Style B1 | 2BR,2BA | $1,725 |
Best Value Apartments for Rent in North Liberty, IA
As of June 08, 2026 the best value apartment in the North Liberty area is the $1.44 price per square foot 2 Bedroom Style B1 Model at Aster Village in the in the Old Mill Creek neighborhood starting from $1,725. The second greatest value North Liberty apartment is the Corner Windows Model at Penn Street Place starting at $1,700 with a $1.80 price per square foot in the Old Mill Creek neighborhood. Here is today’s list of the best values for North Liberty apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aster Village | 2 Bedroom Style B1 | 2BR,2BA | $1.44 |
| Penn Street Place | Corner Windows | 2BR,2BA | $1.80 |
| 1735 N Jones Blvd | Layout 2A | 2BR,2BA | $1.72 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in North Liberty, IA
Penn Elementary School
North Central Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore North Liberty, IA Rentals by Map
See the most popular apartments and homes in North Liberty, IA
Frequently Asked Questions about Cheap North Liberty Apartments
What is the lowest price for a Cheap Two Bedroom North Liberty Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in North Liberty is starting from $1,500 at Penn Street Place.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.